MCD - Services Belgium: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MCD - Services Belgium
Largest movements
- Stocks and contracts +€77,773
new in 2025: €77,773
- Receivables within one year -€12,308
down €12,308 (-5.3%), from €231,519 to €219,211
of which Other amounts receivable: -€18,143
- Tangible fixed assets -€12,099
down €12,099 (-77.7%), from €15,572 to €3,473
of which Furniture and vehicles: -€11,320
- Cash -€8,207
no longer reported in 2025 (was €8,207)
mainly Stocks and contracts (-€77,773) and Debts after one year (-€12,365)
- Current portion of long-term debt +€38,807
up €38,807 (+331%), from €11,715 to €50,522
- Profit (loss) carried forward +€26,772
up €26,772 (+22.8%), from €117,196 to €143,968
- Debts after one year -€12,365
down €12,365 (-65.8%), from €18,802 to €6,437
- Other debts -€8,428
no longer reported in 2025 (was €8,428)
- Tax, wage and social debts -€5,990
down €5,990 (-15.4%), from €38,788 to €32,798
of which Taxes: -€10,092
- Gross operating margin -€97,201
down €97,201 (-56.2%), from €172,877 to €75,676
- Taxes -€20,800
down €20,800 (-54.3%), from €38,321 to €17,521
- Other operating charges -€8,907
down €8,907 (-94.0%), from €9,475 to €568
- Financial income +€6,733
up €6,733 (+1,969%), from €342 to €7,075
- Staff costs -€6,568
down €6,568 (-77.5%), from €8,470 to €1,902
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,996 | €302,174 | +€45,178 | +17.6% |
| Fixed assets | 21/28 | €15,882 | €3,783 | -€12,099 | -76.2% |
| Tangible fixed assets | 22/27 | €15,572 | €3,473 | -€12,099 | -77.7% |
| Plant, machinery and equipment | 23 | €1,853 | €1,074 | -€779 | -42.1% |
| Furniture and vehicles | 24 | €13,719 | €2,399 | -€11,320 | -82.5% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €241,114 | €298,391 | +€57,277 | +23.8% |
| Stocks and contracts in progress | 3 | - | €77,773 | +€77,773 | |
| Stocks | 30/36 | - | €77,773 | +€77,773 | |
| Amounts receivable within one year | 40/41 | €231,519 | €219,211 | -€12,308 | -5.3% |
| Trade receivables | 40 | €84,737 | €90,573 | +€5,836 | +6.9% |
| Other amounts receivable | 41 | €146,782 | €128,639 | -€18,143 | -12.4% |
| Cash at bank and in hand | 54/58 | €8,207 | - | -€8,207 | |
| Deferred charges and accrued income | 490/1 | €1,388 | €1,407 | +€19 | +1.4% |
| Total equity and liabilities | 10/49 | €256,996 | €302,174 | +€45,178 | +17.6% |
| Equity | 10/15 | €119,196 | €145,968 | +€26,772 | +22.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,196 | €143,968 | +€26,772 | +22.8% |
| Amounts payable | 17/49 | €137,800 | €156,206 | +€18,406 | +13.4% |
| Amounts payable after more than one year | 17 | €18,802 | €6,437 | -€12,365 | -65.8% |
| Financial debts | 170/4 | €18,802 | €6,437 | -€12,365 | -65.8% |
| Amounts payable within one year | 42/48 | €118,998 | €149,769 | +€30,771 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €11,715 | €50,522 | +€38,807 | +331% |
| Financial debts | 43 | - | €2,019 | +€2,019 | |
| Credit institutions | 430/8 | - | €2,019 | +€2,019 | |
| Trade debts | 44 | €60,067 | €64,430 | +€4,363 | +7.3% |
| Suppliers | 440/4 | €60,067 | €64,430 | +€4,363 | +7.3% |
| Taxes, remuneration and social security | 45 | €38,788 | €32,798 | -€5,990 | -15.4% |
| Taxes | 450/3 | €38,788 | €28,696 | -€10,092 | -26.0% |
| Remuneration and social security | 454/9 | - | €4,102 | +€4,102 | |
| Other amounts payable | 47/48 | €8,428 | - | -€8,428 | |
| Remuneration, social security and pensions | 62 | €8,470 | €1,902 | -€6,568 | -77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,974 | €12,100 | -€1,874 | -13.4% |
| Other operating charges | 640/8 | €9,475 | €568 | -€8,907 | -94.0% |
| Non-recurring operating charges | 66A | - | €16,423 | +€16,423 | |
| Gross operating margin | 9900 | €172,877 | €75,676 | -€97,201 | -56.2% |
| Operating profit (loss) | 9901 | €140,958 | €44,682 | -€96,276 | -68.3% |
| Financial income | 75/76B | €342 | €7,075 | +€6,733 | +1,969% |
| Recurring financial income | 75 | €342 | €7,075 | +€6,733 | +1,969% |
| Financial charges | 65/66B | €2,979 | €7,464 | +€4,485 | +151% |
| Recurring financial charges | 65 | €2,979 | €7,464 | +€4,485 | +151% |
| Profit (loss) for the period before taxes | 9903 | €138,321 | €44,293 | -€94,028 | -68.0% |
| Income taxes | 67/77 | €38,321 | €17,521 | -€20,800 | -54.3% |
| Profit (loss) for the period | 9904 | €100,000 | €26,772 | -€73,228 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100,000 | €26,772 | -€73,228 | -73.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.